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Thursday, December 15, 2011

Grocery Bill Should Be Less

Here’s a little piece of good macro news. The CRB Foodstuffs sub-index — hogs, steers, lard, butter, soybean oil, cocoa, corn, Kansas City wheat, Minneapolis wheat, and sugar — is down 18 percent from its April high. Good news for consumers, not so if you’re long, a farmer, or a speculator in farmland.